China Mobile Net Profit Up 3.1% In First Three Quarters Of 2016

Chinese telecom operator China Mobile’s financial details for the first three quarters of 2016 show its operating revenue increased by 4.3% year-on-year to CNY542.7 billion and its net profit attributable to shareholders increased by 3.1% year-on-year to CNY88.1 billion.

Of the total operating revenue, China Mobile’s communications service revenue was CNY481.2 billion, a year-on-year increase of 5.4%. Meanwhile, the company’s earnings before interest, taxes, depreciation and amortization were CNY200.4 billion, a year-on-year increase of 1.3%.

China Mobile had a total of 844 million mobile users by September 30, 2016, marking a net increase of 17.42 million during the first three quarters of 2016. At the same time, the company’s 4G users reached 481 million, a net increase of 168 million during the reporting period. In addition, China Mobile’s rapid development of 4G business promoted the continuous fast growing of data business and its mobile Internet data business realized an increase of 131% compared with the same period of last year.

For its broadband business, China Mobile had 74.24 million wired broadband users by September 30, 2016, a net increase of 19.21 million users during the reporting period.

In regards to device sales, China Mobile product sales revenue was CNY61.5 billion, a year-on-year decrease of 3.5%.

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ChinaWirelessNews.com